Cryptocurrency company, Gemini, is planning to launch a bitcoin credit card later this year. The new credit card is part of Gemini’s recent acquisition of Blockrize and will feature the Visa payment network. Here are all the details of the new fintech and cryptocurrency credit card.
New Gemini Bitcoin Credit Card
Gemini is a cryptocurrency exchange service that helps consumers purchase Bitcoin seamlessly. The company’s ethos is a dedication to making crypto buying safe, secure, and speedy.
Gemini is now acquiring Blockrize and using that company’s efforts in the industry to launch a new credit card. The card looks set to launch later this year and will earn cash back rewards on purchases. Those rewards, like the recently announced BlockFi Credit Card, will take the form of Bitcoin.
According to a TechCrunch report, the new fintech credit card will earn up to 3% back in rewards and feature the Visa payment network. In comparison, the BlockFi Card is set to earn 1.5% unlimited cash back on purchases.
Join the Waitlist
Current Gemini customers can sign up for the waitlist on its website. However, consumers who previously signed up via Blockrize will not have to worry as their reservations will have switched to the new Gemini list.
Visa’s Fintech Fast Track Program
The new Gemini Credit Card featuring the Visa payment network is no coincidence. Visa’s Fintech Fast Track program seeks to accelerate the integration process of fintech companies into the traditional credit card space.
Visa first unveiled plans for a cryptocurrency debit card in April of 2020. Created by San Francisco startup, Fold, that project allows cardholders to earn up to 10% back on select purchases as Bitcoin. That news was followed by the tease of a BlockFi Credit Card, offering cash back rewards in the form of Bitcoin.
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